ExamWorks Group (ExamWorks Group) Interest Coverage : 1.60 (As of Mar. 2016)

View and export this data going back to 2010. Start your Free Trial

What is ExamWorks Group Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. ExamWorks Group's Operating Income for the three months ended in Mar. 2016 was $13.4 Mil. ExamWorks Group's Interest Expense for the three months ended in Mar. 2016 was $-8.4 Mil. ExamWorks Group's interest coverage for the quarter that ended in Mar. 2016 was 1.60. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for ExamWorks Group's Interest Coverage or its related term are showing as below:

EXAM's Interest Coverage is not ranked ^*
in the Insurance industry.
Industry Median: 13.52
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ExamWorks Group Interest Coverage Historical Data

The historical data trend for ExamWorks Group's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

ExamWorks Group Interest Coverage Chart

ExamWorks Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Interest Coverage

Get a 7-Day Free Trial

0.26

0.18

0.48

N/A

1.79

ExamWorks Group Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Interest Coverage	Get a 7-Day Free Trial															1.39	1.59	2.27	1.96	1.60

Competitive Comparison of ExamWorks Group's Interest Coverage

For the Insurance Brokers subindustry, ExamWorks Group's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ExamWorks Group's Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ExamWorks Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ExamWorks Group's Interest Coverage falls into.

ExamWorks Group Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ExamWorks Group's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, ExamWorks Group's Interest Expense was $-33.9 Mil. Its Operating Income was $60.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $535.2 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2015 )	/	Interest Expense (A: Dec. 2015 )
	=	-1	*	60.732	/	-33.918
	=	1.79

ExamWorks Group's Interest Coverage for the quarter that ended in Mar. 2016 is calculated as

Here, for the three months ended in Mar. 2016, ExamWorks Group's Interest Expense was $-8.4 Mil. Its Operating Income was $13.4 Mil. And its Long-Term Debt & Capital Lease Obligation was $575.9 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2016 )	/	Interest Expense (Q: Mar. 2016 )
	=	-1	*	13.402	/	-8.399
	=	1.60

The higher the ratio, the stronger the company's Financial Strength is.

ExamWorks Group (NYSE:EXAM) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

ExamWorks Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of ExamWorks Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

ExamWorks Group (ExamWorks Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ExamWorks Group Inc (NYSE:EXAM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.examworks.com

ExamWorks Group Inc was incorporated as a Delaware corporation on April 27, 2007. The Company is a provider of independent medical examinations, or 'IMEs', peer and bill reviews, and other related services, which include legal support services, administrative support services and medical record retrieval services. It provides these IME services through its medical panel of independently contracted, credentialed physicians and other medical providers. Its geographic segments include the United States, Canada, the United Kingdom and Australia. The Company's clients include property and casualty insurance carriers, law firms, third-party claim administrators, and government agencies that use independent services to confirm the veracity of claims by sick or injured individuals for workers' compensation, automotive, personal injury liability and disability insurance coverage. It helps its clients manage costs and enhance their risk management processes by verifying the validity, nature, cause and extent of claims, identifying fraud and providing fast, efficient and quality IME services. It provides the clients with local presence, expertise and geographic coverage increasingly required. The Company's size and geographic reach give its clients access to its medical panel of physicians and other medical providers and proprietary information technology infrastructure that has been specifically designed to streamline the complex process of coordinating referrals, scheduling appointments, complying with regulations and client reporting. The Company's primary service is to provide IMEs that give its clients authoritative and accurate answers to questions regarding the nature and permanency of medical conditions or personal injury, their cause and appropriate treatment. Additionally, it provides peer and bill reviews, which consist of medical opinions by members of its medical panel without conducting physical exams, and the review of physician and hospital bills to examine medical care rendered and its conformity to accepted standards of care. Its primary competitors include companies and individual physicians in one or more services similar to those offered by the Company on a local or regional basis as well as insurance companies and other organizations which have established an in-house capability of performing such services. As a Company involved in the provision of IME services, it is subject to certain federal, state and local laws and regulations.

Executives

Fernandez De Castro Jose Miguel	officer: CFO, Senior EVP and Treasurer	TURBOCHEF TECHNOLOGIES, INC., SIX CONCOURSE PARKWAY, SUITE 1900, ATLANTA GA 30328
Richard E Perlman	director, officer: Executive Chairman	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
James K Price	director, officer: Chief Executive Officer	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
J Thomas Presby	director	198 KEELER ROAD, BRIDGEWATER CT 06752
William A Shutzer	director	C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022
David B Zenoff	director	3250 VAN NESS AVENUES, SAN FRANCISCO CA 94109
Peter Graham	director	C/O ONE BETTER VENTURES, 1122 OBERLIN ROAD, RALEIGH NC 27605
Joshua W. Lemaire	officer: VP, Sales & Marketing	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614

ExamWorks Group (ExamWorks Group) Headlines

From GuruFocus

Baron Funds Comments on ExamWorks Group

By Holly LaFon Holly LaFon • 08-10-2016

ExamWorks Reports Insider Buys

By Monica Wolfe Monica Wolfe • 03-05-2013

CEOs Reporting Insider Buys Costing Over $100,000

By Monica Wolfe Monica Wolfe • 06-04-2013

Baron Funds Comments on ExamWorks Group

By Holly LaFon Holly LaFon • 02-25-2016